JSE-listed Murray & Roberts (M&R) has actually gotten to an arrangement with a consortium of South African financial institutions to pay back R409-million in the red. The financial debt, which came to a head at regarding R2-billion in April 2023, has actually been considerably decreased via a deleveraging strategy set by the firm and the consortium. A credit-approved term sheet has actually currently been authorized, which offers the continuing to be financial debt to be settled by January 31, 2026.
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